Excise Taxes Are Imposed When Society's Primary Objective Is To

question 62

Multiple Choice

Excise taxes are imposed when society's primary objective is to:

• A)encourage behaviour.
• B)change preferences.
• C)raise revenue.
• D)discourage behaviour.

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Definitions:

Slope

The measure of the steepness or incline of a line, often calculated as the ratio of the vertical change to the horizontal change between two points on the line.

Equity

Refers to the ownership interest in a corporation in the form of common or preferred stock; it represents the owners' share in the company's assets.

Fairness

A subjective concept referring to equal and impartial treatment, decisions, and actions in context with ethical, societal, or personal standards and norms.

Normative Economics

An approach to economics that makes judgments about what the economy should be like or what particular policy actions should be recommended.